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Understanding Car Lease Residuals Glastonbury CT

Residual value estimates can be different, depending on who is doing the estimating. One dealer who uses a particular lease company may offer a significantly different residual value than another dealer who uses a different company, for exactly the same vehicle and same lease.

Enterprise Auto Rental
(860) 289-8881
11 Connecticut Boulevard
East, Hartford, CT
 
Hertz - Atlantic Aviation
(860) 247-0044
20 Lindbergh Drive
Hartford, CT
Hours
Mo-Fr 0800-1800
Sa 0900-1300
Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
Located at the Brainard Airport. This location is for Private Flights only.

Hertz - Marriott Downtown
(860) 247-0044
200 Columbus Blvd
Hartford, CT
Hours
Mo-Fr 0800-1800
Sa 0900-1200
Su closed.
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Replacement Rentals When your car is in the shop for repairs.Insurance/Body Shop and Dealership/Service Center replacement rentals available at this location.for replacement rental reservations., Gold Counter Service
Additional Information
This location is for Hotel Guests only.

Hertz - Amtrak Hartford
(860) 247-0044
1 Union Place
Hartford, CT
Hours
Mo-Fr 0800-1730
Sa 0900-1130
Su Closed.
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Ski Equipped Vehicles

Hertz - Hartford Steam Boiler
(860) 247-0044
1 State Street
Hartford, CT
Hours
Mo-Fr 0800-1700
Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
This location is for Hartford Steamboiler Employees only.

Hertz - 290 Broad Street HLE
(860) 533-1193
290 Broad Street
Manchester, CT
Hours
Mo-Fr 0730-1800
Sa 0900-1200
Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Replacement Rentals When your car is in the shop for repairs.Insurance/Body Shop and Dealership/Service Center replacement rentals available at this location.for replacement rental reservations., Gold Counter Service , Pickup/Return Service:Available with a one hour advance notice and within 15 minutes from the Hertz Local Edition location. Contact the location to arrange for Pick Up service.
Additional Information
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Auto Rental
(860) 296-2511
7 Airport Road
Hartford, CT
 
Enterprise Auto Rental
(860) 524-1411
Weston Street
Hartford, CT
 
Hertz - Constitution Plaza HLE
(860) 247-0044
108 Constitution Plaza
Hartford, CT
Hours
Mo-Fr 0730-1800
Sa 0900-1200
Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Replacement Rentals When your car is in the shop for repairs.Insurance/Body Shop and Dealership/Service Center replacement rentals available at this location.for replacement rental reservations. In-Car Navigation System , Gold Counter Service , Pickup/Return Service:Available with a one hour advance notice and within 15 minutes from the Hertz Local Edition location. Contact the location to arrange for Pick Up service.
Additional Information
Located on the corner of Columbus Blvd. and Talcott Street. This is at the interchange of I-84 and I-91. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Auto Rental
(860) 549-5109
98 Asylum Avenue
Hartford, CT
 

Understanding Car Lease Residuals

Residual value ("residuals"), in car leasing, refers to the estimated — repeat, estimated — value of a leased vehicle at the end of the scheduled lease period. The longer the lease, the lower the residual value, as compared to the original MSRP sticker price.

Residual values play a key part in the calculation of lease monthly payments since leases are based on the difference between residual value and negotiated selling price. The higher the residual, the lower the lease cost for a given selling price. See .

What are residuals?
Car lease residuals are a statement of the expected depreciation of a vehicle's value over the life of a lease. The value can be affected by a number of factors, including expected average annual mileage, number of months in the lease, make/model vehicle, resale history, predicted future supply and demand, rise/fall in gas prices, and anticipated future economic conditions. In short, lease residuals amount to nothing more than an educated guess.

Who sets car lease residual values?
Residual value estimates can be different, depending on who is doing the estimating. One dealer who uses a particular lease company may offer a significantly different residual value than another dealer who uses a different company, for exactly the same vehicle and same lease. It is often misunderstood by consumers that residuals are fixed for a particular vehicle make and model.

There are industry sources (ALG...

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